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The Euro at ten: achievements and challenges

de Grauwe, Paul (2009) The Euro at ten: achievements and challenges. Empirica, 36 (1). pp. 5-20. ISSN 0340-8744

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Abstract

In this paper we discuss the achievements and the challenges of the Eurozone. We first analyze the record with respect to inflation. Second, we discuss the degree of price transparency in the Eurozone. Next we analyze the extent to which monetary union has promoted faster economic growth. Fourth, we study the challenges that arise from the increasing divergencies of wages and prices within the Eurozone. We conclude with a discussion of the governance of the Eurozone and the political issues to which this leads.

Item Type: Article
Official URL: http://www.springerlink.com/content/0340-8744/
Additional Information: © 2009 Springer
Library of Congress subject classification: H Social Sciences > HG Finance
J Political Science > JZ International relations
Journal of Economic Literature Classification System: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System
F - International Economics > F5 - International Relations and International Political Economy > F59 - International Relations and International Political Economy: Other
Sets: Departments > European Institute
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 05 Oct 2012 13:24
URL: http://eprints.lse.ac.uk/46596/

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